The firm says it has “hundreds” of customers globally including auction house Sotheby’s.

Scoro says it helps customers manage complex, often manual, processes and data streams via its SaaS platform for both employees and managers in mid-size businesses.

It will use the new funding to fuel international expansion across Europe and the US, plus develop new automation tools for businesses. It will also work on making its integrations with other business tools like Outlook and Dropbox better.

The company was launched three years ago and is part of a new wave of companies aiming to solve inefficiencies, reduce costs and automate repetitive processes for businesses.

“We’re seeing a lot of new software solutions trying to solve future problems,” Fred Krieger, CEO at Scoro. AI and machine learning are set to completely reshape the way we work, but the underlying structure and processes of most companies are far from being ready for that.

“That’s exactly what we’re aiming to solve – provide this structure for our customers and thus become a crucial building block for these next generation work management applications.”

"Big players and traditional acquirers are struggling to get out of the commodity corner, to the point of providing agile services that allow them to be omni-channel and data-centric. That is what we provide, an opportunity to fulfill those goals."